I think he was being facetious, Snake.what a load of horseshit.
I think he was being facetious, Snake.what a load of horseshit.
No need to get shirty. He's just very good at his job and has done well. You not liking it or understanding it is not the same thing as it being bad management.
The AFL doesn't need the money. The clubs, players and employees do. You should be railing against the RFC for wasting money on coaches, facilities and player contracts when we could have been banking revenue for a rainy day. Why keep Dusty when we could have kept the 6 million and stashed it in the bank at 1% interest in case there is a global pandemic?
The club will go broke if there's no season, not the AFL. The AFL has an asset to borrow against (unlike the club) and will bail out the club most likely. So perhaps your frustration is misdirected.
what a load of horseshit.
I am not too concerned about the old boy network getting together in a manner which disadvantages the RFC.Pretty sure they've already been in bed together. Wasn't it Gil when he was 2 IC that helped set up the the deal for Copyingwood members at the MCG?
100% correctIsn't fly in/fly out still going in the mining industry?
Surely if miners can do this footballers can too.
DS
Nope. When interest rates are next to nothing, having any excess liquid cash is irresponsible. They can borrow really cheaply, so why have cash at hand? Why wouldn't you invest it instead. Now, I'm crystal clear that you don't think it's been invested wisely, but I don't hear commentators on the sport or it's finances agreeing with your assessment of the financials. Whether expansion or AFLW is a good investment, time will tell, but it makes perfect business sense.Record memberships
Record home crowds
Record media deals
Apparently the game in a very GOOD state, but a week into the season and they're running for a loan.
That's bad management.
Why not invest instead of holding cash? The answer is because low interest rates have led to wide scale malinvestment and investment assets have seen a short lived boost to their prices. It was primary driven by credit expansion not due to productivity increases. The low interest rates don't reflect consumer preferences to save over consuming because they are set by government planning authorities (i.e. central banks) and not the market. The prudent investor with a correct understanding of money, credit, interest rates, time preferences, etc. would recognise that and would have seen the huge opportunities to buy assets on the horizon when poor investors were going to be forced to liquidate to pay their debts.Nope. When interest rates are next to nothing, having any excess liquid cash is irresponsible. They can borrow really cheaply, so why have cash at hand? Why wouldn't you invest it instead. Now, I'm crystal clear that you don't think it's been invested wisely, but I don't hear commentators on the sport or it's finances agreeing with your assessment of the financials. Whether expansion or AFLW is a good investment, time will tell, but it makes perfect business sense.
Can always send the players to the Antarctic for 4 months. People do that too.
IMO the only group who have run this well are the mining companies and that I believe is due to the fact they are well run organisations with good plans and management ready to make tough decisions as soon as they see a risk.I don't reckon the solution to the pandemic conundrum sits in an easy-to-define box.
But I will say this. The fact the game is making decisions on the run speaks to an astonishing failure by its custodians.
Good governance of any organisation involves a proper oversight and management of risk. Like a lot of others, I was shocked at how poorly prepared it seems the AFL was for a cessation of play.
Yes, they've invested well with Docklands, thank goodness. That has at least meant they could secure credit. Big tick. But given the incredible rivers of gold delivered by broadcast rights and attendances, they simply should have been in better shape than this.
The hand-wringing at HQ about how to kickstart the season is bewildering. Surely they had contingencies of some description in place? And surely one of those contingencies included the possibility of a cancelled season that wouldn't actually put the entire shebang in jeopardy?
Whoever is involved in risk at the AFL has been asleep at the wheel.
Same sentiment, but I find Mike Tyson's pithier: "Everyone has a plan until they get punched in the face."What's that saying. "Even the best laid plans don't survive the first gunshot."
100% correct